News
Suit Against JPMorgan, CEO Over Whale Losses Can Proceed; Directors Case Dismissed
JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the ...
Reuters: Widow of Former Zurich CFO to Confront Insurer at Annual Meeting
Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled ...
Judge Dismisses Motion for Evidence in Malaysia Plane Tragedy, Threatens Sanctions
An Illinois judge on Monday dismissed a U.S. law firm's motion to obtain evidence of possible design and manufacturing defects from Boeing Co and Malaysian Airline System in connection with the ...
Reinsurance Rate Slide Continues at April 1, Pushing Reinsurers to Casualty Risks: Willis Re
A benign catastrophe year in 2013 and an influx of capital are just two reasons behind a drop in reinsurance rates that has continued at April 1, according to the chairman of Willis Re. During a ...
Watford Re Ltd. Completes $1.13B Capital Raise
Watford Holdings Ltd. on Tuesday announced that its wholly owned subsidiary Watford Re Ltd., a newly formed, Bermuda-based multiline reinsurer, has completed a $1.13 billion capital raise. The ...
The Age of the Athlete-Student: NLRB Ruling May Create New Comp Challenges
What do March Madness and workers compensation have in common? At present, not very much. But if a recent ruling by the National Labor Relations Board (NLRB) holds up, comp underwriters and claims ...
Primary D&O Pricing Weaker in Q4 with Hikes Below Prior Quarters: Aon
A divergence in D&O insurance pricing in recent years, which saw carrier competition in excess layers driving overall policy premium drops as primary prices rose, may be starting to disappear, ...
Supreme Court Appears Unlikely to Radically Change Software Patent Law
U.S. Supreme Court justices stepped gingerly into a raging debate over computer software on Monday, voicing concerns about vaguely defined patents but signaling they would avoid any radical change to ...